Stemtech International, is an USA based network marketing company and offers “innovation, wellness and prosperity” in the global marketplace with a patented and patent-protected line of all-natural nutritional products that can be purchased only from Independent Business Partners.
In 2015 the company had a revenue of $52 million in 2016 $43 million.
This month Stemtech’s CEO and founder Ray Carter has filed for Chapter 11 bankruptcy, leaving thousands of distributors in the dust.
According to Stemtech reasons for the bankruptcy is a long lasting and lost lawsuit against Andrew Paul Leonard a photographer of stem cells, as a lawsuit against a supplier of raw materials Cerule. Total amount creditors is approx. $5 million.
In August 2015 Inc. Magazine has included Stemtech International Inc. on its List of the Fastest-Growing Private Companies in America for the third consecutive year. Stemtech
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Stemtech in Inc. Magazine’s Top Companies List
by Ramya Chandrasekaran • • 0 Comments
Inc. Magazine has included Stemtech International Inc. on its List of the Fastest-Growing Private Companies in America for the third consecutive year. Stemtech has now appeared on this prestigious list three years in a row and a fourth time in six years, a feat unmatched by any other company in the direct selling industry.
Inc. Magazine pointed out that Stemtech’s repeated achievement is especially significant “in the difficult economic environment of the past few years.”
In a message distributed to the members of his international corporate staff and the global Independent Business Partners in nearly fifty countries, Stemtech Co-Founder, President and CEO Ray C. Carter, Jr., congratulated everyone for this achievement.
Carter said, “It is your dedication and hard work that have propelled Stemtech to this recognition by Inc. Magazine. We did it again, four times in the last six years and three years in